Monthly Archives: May 2015

Reinstatement of deregistered companies: Are they (and directors) liable for their actions during deregistration?

In terms of the current Companies Act, companies and CCs can be deregistered for administrative reasons (in the vast majority of cases for not lodging annual returns and paying annual duty) and can apply to be reinstated. An anomaly exists … Continue reading

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The new B-BBEE landscape: OK for some, not so good for others

The new B-BBEE Codes of Good Practice are set to become effective on 1 May. For exempted micro-entities (EMEs) there is some good news as the threshold for EMEs has been raised from less than R5 million annual turnover to less … Continue reading

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Debt prescription relief for consumers

“Debt, noun. An ingenious substitute for the chain and whip of the slave driver” (Ambrose Bierce) We are all aware how consumer debt has risen in the past several years, especially for the lower paid and poorer sections of the … Continue reading

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Implementation of UIF proposal

The Finance Minister has withdrawn the implementation of the UIF proposal, which was to reduce the threshold significantly. This is to allow more time for the consultation process. Note: The budget proposal was not law and the reduction in the … Continue reading

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